With oil, 'less is more.' 99% of us apply waaay too much oil when we lubricate, mistakenly thinking that if a little is good, more is better. It's not. With oil, it actually creates
"stiction," a state of high friction that needs to be overcome before movement begins. With something like a knife pivot, where the blade is at rest before opening, it actually takes MORE energy to begin the opening sequence in the presence of extra oil.
Imagine, if you will, two flat metal disks about 6" in diameter... Take ONE SMALL DROP of oil and spread it over the disk's surface, gently wipe off any extra, and place one against the other. They will move together smoothly and evenly. Now squirt some oil onto the disk the way we 'usually' do, and press them together again. When you start to move them, you can actually feel (what you imagine to be suction) delaying the start of movement. THAT is
stiction! And THAT slows down your knife pivot.
This is where lubricants such as WD-40 (and yes, it IS a lubricant. It's comprised of ordinary mineral oil and Stoddard Solvent to thin it for penetration and water displacement) fail for knife lube jobs. It's not that the WD-40 won't do the job perfectly... It's that we spray on waaay too much of the stuff. We can't help it when we use WD-40's own delivery system. Instead, try squirting some into a small cup, then with an eye dropper, apply just one drop of it to a clean knife's pivot. You will be amazed at how well that blade deploys now!
Clean your pivot with WD-40? Sure it works. Stoddard Solvent will clean out old oil and grease. But then the other 95% of the mix, the mineral oil will slosh all over the place. If you want to clean the pivot without all the oil, use a good quality electrical contact cleaner to spray JUST solvent into the pivot and flush it out under pressure. Then add one drop of any oil. One drop. Work it in for a few minutes. JUSt ONE DROP. I know... It's hard to hold back.... Just one drop....